Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty marches ahead day after day with minimal intraday correction. Going by volume numbers it seems that FPIs interest has dipped on Feb 08, the ongoing results season is leading to rotational buying across stocks and sectors which incidentally pulls up the Nifty. On a channel line basis, the next resistance for the Nifty is around 15,200 while the support is at 14,870-14,914.

Feb 8, 2021 4:17 PM

Ajit Mishra, VP - Research, Religare Broking

The bulls continued to dominate the benchmark indices following supportive global cues. The Nifty index ended higher by 1.3% to close above the 15,100 levels. The broader markets too participated as both Midcap and Smallcap ended higher by 1.5% each. On the sector front, except FMCG, all the other indices ended in green wherein Auto, Metal and Consumer Durables were the top gainers.

We are eyeing 15,200 in Nifty and Going ahead, earnings and global cues will dictate the market trend. On the domestic front, market participants would actively track key macro data like IIP, CPI and WPI data.

Feb 8, 2021 4:16 PM

Feb 8, 2021 4:00 PM

Feb 8, 2021 3:59 PM

Feb 8, 2021 3:58 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

The markets kept the upward trajectory active all day and moved from strength to greater strength! We should be eyeing the 15,200 marks as the next target for the Nifty and if we can sustain there, we could achieve 15,500 during the course of February. 14,600 is good support for the index and as long as that holds, traders can optimize the risk on their trades by entering positions on dips or intraday corrections.

Feb 8, 2021 3:54 PM

Market At Close

- Market Continues To Post Record Close; Frontline Indices gain 1% Each

- Nifty Close Above 15,000 & Sensex Above 51,000 For The 1st Time Ever

- Nifty Rises 192 Points To 15,116 & Sensex 617 Points To 51,349

- Midcap Index Gains 329 Points To 22,765 & Nifty Bank 339 Points 35,984

- Metal, Auto & IT Gain The Most Amongst Indices

- 41 Nifty Stocks Close In The Green; M&M, Tata Motors, Hindalco Top Gainers

- M&M Rises Over 7% After Brokerages’ Positive Stance On The Stock

- Tata Motors Moves 7% Higher; Up Over 80% In last 2 Months

- IT The Biggest Contributor To Nifty With 58 Pts; Infosys, Tech Mahindra Top Gainers

- BEML, Garden Reach & Mishra Dhatu Gain On Defence Min’s Divestment Comment

- MSTC, Graphite India & NCC Hit Upper Circuit

- Guj Gas, J Kr Indfra, HEG, VRL Logistics Amongst Top Midcap Gainers

- Market Breath Favours Advances; Advance-Decline Ratio At 3:2

Feb 8, 2021 3:38 PM

Closing Bell | The Indian equity market ended at a record high level on Monday led by strong gains in auto and metal stocks amid positive global cues. The Sensex ended 617.14 points, or 1.22 percent, higher at 51,348.77, while the Nifty gained 191.55 points, or 1.28 percent to close at 15,115.80. Broader markets, Nifty Smallcap100 and Nifty Midcap100 supported the rally by gaining more than 1.5 percent each.

Barring Nifty PSU Bank and Nifty FMCG, all other sectoral indices ended in the green with Nifty Auto and Nifty Metal rising over 3 percent each. On the Nifty, M&M, Tata Motors, Hindalco, Shree Cement and JSW Steel were the top index gainers, while Britannia Industries, Hindustan Unilever, Kotak Mahindra Bank, Divi's Laboratories and Bajaj Finance were the top losers.

Feb 8, 2021 3:37 PM

Market Watch: Dilip Bhat of Prabhudas Lilladher

Mahindra & Mahindra

Mahindra & Mahindra, they have been doing everything which is right. Of course, you can safely expect that from the current levels as a frontliner auto stock with a very well-diversified portfolio both in agri and cars, I think it can give at least 12-15 percent appreciation from the current level. So a price of around Rs 1,100 does not look impossible.

Godrej Consumer

The numbers of Godrej Consumer are very inspiring and given the fact that the FMCG space really has very good investment appetite all throughout from the mutual funds from the FIIs both put together. I think this stock can be on the course for re-rating and at the current levels the stock appears relatively much cheaper and one should try to buy this stock at least for 18-20 percent return from the current levels.

Feb 8, 2021 3:23 PM

Feb 8, 2021 3:18 PM

JLR to launch electric SUV I-PACE in India next month

Jaguar Land Rover (JLR) on Monday said it will launch its all-electric SUV I-PACE in India on March 9. The company has already commenced bookings of the model in the country. ”After the fabulous response to the digital launch of the Land Rover Defender, we are excited about curating yet another digital experience for the launch of Jaguar I-PACE in India,” JLR India President and Managing Director Rohit Suri said in a statement.

Equipped with a 90 kWh lithium-ion battery, the Jaguar I-PACE produces 294 kW and 696 Nm torque, helping it accelerate from 0-100 km/h in just 4.8 seconds. The company has tied up with Tata Power to provide office and home charging solutions to customers of I-PACE.

Feb 8, 2021 3:09 PM

Feb 8, 2021 2:56 PM

Market Watch: Ruchit Jain, Angel Broking

First is a buy call on Cipla, overall we are still positive on the pharma space and Cipla has already seen a good time-wise correction in last one month. So the broader trend continues to remain positive and the way the volumes are picking up on every decline I think this stock is now geared up to resume its higher degree uptrend. So short term traders can go long with stop below Rs 835 with the target of Rs 900.

Exide Industries is another stock that has given a breakout today and today’s move is up by around 5 percent but I think this is start of another leg of upmove in Exide so by even at current levels with stop below Rs 205 for targets of Rs 233.

Feb 8, 2021 2:46 PM

Should retail investors go for G-secs? Here's what experts say

In a major reform to deepen the bond market in India, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced that retail investors can open Gilt Accounts, allowing them direct access…

Feb 8, 2021 2:38 PM

This is a long market, so opportunities to short are less: ITI's Rajesh Bhatia

Rajesh Bhatia, MD and CIO of Investment Trust of India (ITI) Long-Short Equity Fund in conversation with CNBC-TV18 has said that at present it is not a short market, it is a long market. "Our short book is far lower, relative to what we would had in normal market conditions. This is basically an acceleration of PE ratios of the equity class, thanks to what has happened globally with the kind of liquidity unleashed and today the thesis of India is that we are at the cusp of an earning cycle, cusp of a new credit cycle. If that is the thesis, then the breadth of the market is going to be far broader," he added when asked what his short positions were. Watch here.

Feb 8, 2021 2:25 PM

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